Goldman Sachs Group Inc. Cuts Position in nCino Inc. $NCNO

Key Points

• Goldman Sachs Group Inc. significantly reduced its holdings in nCino Inc. by 74.9%, selling 120,083 shares and now holding only 40,176 shares worth approximately $1.1 million.
• Institutional investors now own 94.76% of nCino's stock, with other firms like T. Rowe Price and Vanguard increasing their positions during the same quarter.
• nCino reported earnings of $0.22 per share, surpassing analyst expectations and demonstrating a 12.4% increase in revenue year-over-year.

Goldman Sachs Group Inc. lowered its position in shares of nCino Inc. (NASDAQ:NCNO - Free Report) by 74.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,176 shares of the company's stock after selling 120,083 shares during the quarter. Goldman Sachs Group Inc.'s holdings in nCino were worth $1,104,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Covestor Ltd raised its position in nCino by 27.6% during the 1st quarter. Covestor Ltd now owns 2,388 shares of the company's stock worth $66,000 after buying an additional 517 shares during the last quarter. First Horizon Advisors Inc. raised its position in nCino by 22.5% during the 1st quarter. First Horizon Advisors Inc. now owns 2,924 shares of the company's stock worth $80,000 after buying an additional 538 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in nCino during the 1st quarter worth $82,000. Asset Management One Co. Ltd. raised its position in nCino by 63.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 3,718 shares of the company's stock worth $102,000 after buying an additional 1,439 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in nCino during the 1st quarter worth $102,000. Hedge funds and other institutional investors own 94.76% of the company's stock.

nCino Trading Up 2.3%

Shares of nCino stock traded up $0.69 during mid-day trading on Monday, hitting $30.32. 1,873,577 shares of the stock were exchanged, compared to its average volume of 2,516,162. nCino Inc. has a twelve month low of $18.75 and a twelve month high of $43.20. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of -104.55, a price-to-earnings-growth ratio of 19.54 and a beta of 0.71. The company has a 50-day simple moving average of $29.47 and a 200 day simple moving average of $27.22. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.24.

nCino (NASDAQ:NCNO - Get Free Report) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.08. nCino had a negative net margin of 5.86% and a positive return on equity of 1.18%. The company had revenue of $148.82 million for the quarter, compared to analysts' expectations of $143.17 million. During the same period last year, the company earned $0.14 EPS. The firm's revenue for the quarter was up 12.4% compared to the same quarter last year. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. Research analysts forecast that nCino Inc. will post 0.12 EPS for the current year.

Insider Activity at nCino

In related news, insider April Rieger sold 3,028 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $27.45, for a total value of $83,118.60. Following the sale, the insider directly owned 240,523 shares of the company's stock, valued at approximately $6,602,356.35. This trade represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeff Horing sold 3,889,254 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $30.00, for a total transaction of $116,677,620.00. The disclosure for this sale can be found here. Insiders sold 4,480,723 shares of company stock worth $135,667,553 over the last three months. Company insiders own 5.70% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NCNO. Piper Sandler increased their price target on shares of nCino from $28.00 to $34.00 and gave the company a "neutral" rating in a report on Wednesday, August 27th. Truist Financial increased their price target on shares of nCino from $27.00 to $32.00 and gave the company a "hold" rating in a report on Wednesday, August 27th. Needham & Company LLC increased their price target on shares of nCino from $33.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. UBS Group reiterated a "neutral" rating on shares of nCino in a report on Wednesday, August 27th. Finally, Citigroup reiterated an "outperform" rating on shares of nCino in a report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, nCino has an average rating of "Hold" and a consensus target price of $33.94.

nCino Company Profile

nCino, Inc, a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System connects financial institution employees, clients and third parties on a single cloud-based platform which include client onboarding, deposit account opening, loan origination, end-to-end mortgage suite, and powerful ecosystem.